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Do you believe financial reform will serve to protect your finances? Do you think extended unemployment benefits will increase the federal deficit?

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4 Comments

  • Richard Adams - 14 years ago

    Extended benefits will help those that don’t have jobs yet. It’s ridiculous to assume that people who are used to working, but now are unemployed will become lazy if unemployment benefits are extended. Most unemployment benefits are about 2/3 less income than what one would earn if working full time. Some families have two working parents in them, thus when one loses a job the unemployment benefits may be just enough for them to maintain there household. If the don’t have the unemployment benefits, many in the group would go under financially.

    As to finance reform, the hope is that it will help stop a number of unfair and unreasonable practices by lenders. Some of the language in the bill concerning loans seems good. I will have to wait to see how it all works out.

  • Deborah - 14 years ago

    In most states retreive an unemployment tax on every employee. I was employed for 20 years at the same company and paid unemployment for that time in Philadelphia. I now live in Georgia, unemployment iis paid through taxes, but the payment is $237.00 or less a week after tax and Philadelphia is about 460-496 dollars a week. Georgia cost of living has its advantages with Property Taxes and Home prices, but everything else, car insurance, food, etc.l, is very expensive. I am from Brooklyn and lived in Philly the food is much more reasonable., my car insurance was cheaper in Philly than in Cobb County Georgia. Employees paid for unemployment tax for years without using the benefit and now we finally need the benefit, and cannot receive out tax money. People need to feed their children and keep a roof over their children's head. Congress and the Senate do not govern with their hearts, but with their check books, take the money from the wars and so call peace treaties and take care of the US.

  • Samuel L. Wilson - 14 years ago

    Wall Street Reform will go a long way in protecting our finances, but not far enough. The industry will look for and find ways to subvert the rules, and we must be willing to enforce and punish those that do. The reform hopefully lays the groundwork for increased/improved reform.
    The unemployment benefits do add to the deficit, but only by a very small % as compared to tax cuts for the rich and the war. And this is necessary and it stimulTws the economy.

    The

  • Jason - 14 years ago

    The financial companies will find a way around any legislation which costs them money.

    People who are out of work need some type of help. Those of us who work or don't have to work might not like it, but unemployment benefits are needed. Hmmm...based on what I just typed - I wonder how we would feel if we were out of work.

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